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<br />84c-004486
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<br />UNfFORM COVENANTS. Borrower and Lender COV~nant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shall promptly pay \vhen due the principal of and interest on the
<br />indebtedness evidenced by the Notc~ prepayment and hite charges as provided in the Note, and the principal- of and interest
<br />On any Future Advances secured by this Mortgage.
<br />2. Funds for Taxes and Insuranct'. Subject to applicable law or to a written waiver by Lender, Borrower shaH pay
<br />to Lender on the day monthly installments of principal -and interest are payahle under the Note, until the Note is paid in full.
<br />a sum (herein "Funds") equal to one-twelfth of the yearly taxes and- assessments whic.h may attain - priority over this
<br />Mortgage. and ground rents 011. the Property. if any. plus {lne~twelfth of yearly premium installments for haz.ard instlrari_ce,
<br />plus one-twelfth of yearly premium installments for mortgage insurance. if any. all as reasonably estimated iniliaUy _and-' from
<br />time to time by Lender on the has is of assessments and bill:-:; and reasonable estimates thereof.
<br />The Funds shaH he held in an ingtitution the deposits or accounts of \vhich ::ire insured or gllai3ntcctLby a Federal -.or
<br />state agency (including Lender if Lender is such an institution), Lcnder shall apply the Funds to pay said taxes, assessments,
<br />insurance premiums and ground rents. Lcnder may not chargc for so holding and applying the Funds. unaiyzing said account,
<br />or verifying and compiling said assessments and bills, unless -Lender pays Borrower interest on the- Funds and appticable- Jaw
<br />permits Lender to make such a charge, Rorrower and Lender may agree in writing at the time of' execution of- this
<br />~fortgage tha[ intere5t on the Funds shall be paid to Borrower. and unless such agreement is made or applicable law
<br />requires such interest to he paid, Lender shall not he required to pay Borrower any interest or earnings on the Funds. Lender
<br />shan give to Borrower, without charge, an annual accounting or the Funds showing cr~dits and debits to'the Funds and-the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />by this Mortgage.
<br />If the amoum of the Funds held by Lender. tugelher with th~ future momhly instaliments of Funds payabie - prior to
<br />[he due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes,
<br />assessments. insurance premiums and ground rents <:is they fall due, SllCh e:\cess shall be, at Borrower's option, _either
<br />promptly repaid to Borrower or credited to Borrower on monthly installments ("If Funds- if the amount of the Funds
<br />held by Lender shall not be sufficient 10 pay ta_xes. assessmcnrs. insurance premiums and ground rents as they fall due,
<br />Borrower shall pay to lender any amount necessary to make up the deficiency within 30 days from the date notice is mailed-
<br />by Lender to Borrower requesting payment thereot.
<br />Upon payment in full of all sums secured by this M(\rtgagc, Lender shall promptly refund to Borrower any Funds
<br />held by Lender. If under paragraph IS hereof the Property 1') sold or [h~ Property is other\\'ise acquired by Lender, Lender
<br />shall apply. no later than immediately prior to lhe sale (\1' the Property or acquisition by Lender, any Funds held by
<br />Lender at the time of application as a credit against thf', .:itH11S SCCllf(,'~ by II" -Icrtgagc.
<br />3. Application of Payments. Unless app:icabie 101\.',- p:-nvides nvisl..:, all payments received by Lender under the
<br />Nme ~r.d p-2r::l;graph~: J :u::d 2 hereof sha!! be applied by :.<..'iid;;, fhst ir, p:lyme;,t cf a.-no:.:nts pJ.)'3t:!e ~o Ler.-der by Hcrwwer
<br />under paragraph 2 hereof, then to mteresl payable on the Note. then to the principal of the Note, and then to interest and
<br />principal on any Future Advances.
<br />4, Charges; Liens. Borrower shall pay all t;1\.l:S. assessments and Nher charges, fines and impositions attributable to
<br />the Property which may aHain a pnority over this Mortgage. and leasehold payments or ground rents, if any. in the manner
<br />provided under paragraph .2 hereof or. if not paid in stich manner, by Borrower making payment. wh~n due, directly to the
<br />payee thereof. Borrower shall promptly furnish to Lender aJi nOtlces of amounts due under this paragraph. and in the event
<br />Borrow.er shall make payment directly, Born'lwer sh31l promplly furnis.h !('I Lender receipts evidencing such payments,
<br />Borrower shall promptly dis;,;hargc any h~n \.. hid1 has prhlflty ~-,\'t.'r (hi:,> M,)rlgagl.:; prt.wil..kd. that Borrt)wer shall not be
<br />required to discharge any ::,ul.:h ii~n so long as Borrower s.hall 3!!rCC ill writing tll the payment of [he obligation secured by
<br />such lien in a manner acceptable LO Lender. pr "hall in gO\.lJ L.lith ~011tC$l such li(,~n by. or defend enforcement of stich lien in,
<br />legal proceedings which op~rate tt) prevent the t.'nlon:err.ent of the hen or iorfeiture of the Property or any part thereof.
<br />S. Hazard Insurance. Borrower sh:.lli keep the lmpnl\'~mcnts now existing or hereafter erected on the Property insured
<br />against ioss by fire. hazards induded \.I,ithin the IC-rm '\~'\tcndeJ coverage", and slll.:h other hazards. as Lender may require
<br />and in such umounts and ft)r such peric~ds as lender may r~411ir~: prlwided, that Lemler shall nOl require that the amount of
<br />such coverage exceed that amount of Ct)\'cragc l"el..juired W pay th..: ...UlTlS se~:ured by this lvlongage.
<br />The insurance carrier providing the insuranl.:e shall be cht)scn by Borrower subject to approval by Lender; provided.
<br />that such approval shaH not be unreasonably w-ithheld. All pn:miu11ls l\n insur.ancc policies shall be paid in the manner
<br />provided und~r paragraph 2 hereof or. d not paid in such manner. by Borrower making payment, when due, directly to the
<br />insurance carner,
<br />All insurance poiicie~ and renc\\.l.ls there~)t shall be in form al::~tpt~l;blc- t(l Lender ..mll shaH II1dudc a standard mortgage
<br />clause in faVQf ...~r ami m form ac('cptabic k' Lender. Lender ~hi:l;ll havt.' the right tl,l hold the policies and renewals thereof,
<br />and Borrower ~hall promptly furnish to LenJcr all renewal noth':CS aoJ .\11 reLeipls of paid premiums, In the event of loss,
<br />Borrower shall give prompt notice to !he ilbULtIl..::C Glrricr J.HU l.ender. Lender may muke proot of loss if not made promptly
<br />bv Borrower,
<br />.. Unless Lender ~md Borrower other\1, 1St: agre~ in writll1g. insur~uH.:e prlxccds shall be applied to restoration or repair of
<br />the Property damaged, proVIded Slh.:h rC:-.tt'ratll..'n or n.:pilir I". l..'ctHlomi..:aily fl.'asiblc <<nd the s.c.:urity of (his Mortgage is
<br />not lhereby impaired, If ~u.:h fCsl(lr<:ltlon or repair is not c-~OIH\mi......tlly ft:asible o!' if the security of this .Morlgagc would
<br />be lmpam~d, the insurance pruceeds shall be upplicd {..) the ~luns sc.:urcd by this Mortgage, with the excess, if any, paid
<br />to Borrower. If (he Property is abamh.Hlcu by Horn.W.I.:L ,H it Borrower tails to respond to Lender within 30 days from 1he:
<br />date notice is maiJed by Lender to Borrower that Ih~ iUi')uranct' c;lrrier (llrer~ III settle a ch-tim for insurance benefits, Lender
<br />is authorizeu i0 (I.liie-\:I ,mJ ..\ppiy ine m~urJ.il;';l' prl,.1ce-ed:::.. ,It Lt.::llJt:'1' ~ ..)pth.lll ~Ilhcr h.l rC:::..tor.Hit)J'\ l)r repair tli Ih~ Property
<br />or to the &UlllS s~.;urcd by this ~longagc.
<br />Uoles.... lender and Borrower (ltherwise agrc-c In \\Titing. ~ln) Sll\.:h appli..:ation t'j' pro(:~cJs to principal $hail not extend
<br />Of postpone the due date of Ihe monthly inslallments referred h' III paragraph~ 1 and .2 hcr~of or ....hange [he amount of
<br />~uch installments. It under paragraph 1 S hereof the Property is i.tl.'\.}lllfCJ by Lcmke aU right, title and interest of Borrower
<br />in and to ~m) msman...-:e poiicies <lud in '-Iud to the pro,,,:ccd:::.. tht'fCol re:.ultiug I flllH damage ill the Property prior to the ~~llc
<br />or acqwsltion shall pass to Lender h' the "'"\tent 1.)1' the ~ums. \c..:urI.'J b~ Hm ~ll..'ftgl1gc immcdiately prior hl such sale or
<br />at.:-quisition.
<br />6. Presen'atiou aDd Maintenance of I>ropcrt)': LC.l~chold~: Condominiums; Planned Unit De,'e1opmcnts. Borrower
<br />shall keep the Property in good repair and shall not commit wastt.~ (If permit imp~lirm(:nt or detcrioralion of the Property
<br />and shaH (~omply \\'ith the provisi\.10S of an)' lease if (hI::' !\1l1rtg.1g~ lS ~m a kaschold. If thi::. Mortg"gc is on <l unit in .1
<br />condominium or a planned unit development, Borro\1, cr \hall perform, all ,,\1' BOHl)\\,cr's \~hlJgat:ons. L1tld~r the JI.~da[;ltl(ln
<br />of covenants .:-reating or g<.werwl1g the CQ!H1...)nlllllUm ~)r f'j:mllcu llnlt l.k\'ei~)pm(:.'~, lht. ~y.laws and lI.'gul.ttilUb d' tht.::
<br />condominium or planned unit J.evclupmcnt. and ...-l)ll\(IWt'1l1 I..ItX:Ul1h:nb. It ~\ ...-dlh..lmintum ()r planned unIt ~k'..l'h'll'lllcnt
<br />riller h l::>..ecuteJ. by Borro\.\:~r and rc...-ordcd l,)c,cthci \\lth lhh :\hllh!;l~l..', th..' l'~~\l,::!.lnt:::.. .1.11\1 <l1!.r~cl1lCIlI~ (If ...l...h rider
<br />shall be I1lcorporatc'u Il1W <:Ifill shall amt:'nd and s~lppkrncnt tILl.' ..'\nt:I\;,\;l\; ;lnd agn,:\;IHcl1ls ,If tim. '~h~rlgJ;g:I.' ,1:- 11' Iht:' rider
<br />were a part hereof.
<br />7. Protection of L~ndcr's. Securit)'. If Ih1rft\\\i.:f fall:, h' Pl,::',lrfll thl:: 1....WCll,Hll!-, and a~r('cml.'!\IS ..-\\llLlin~'J In thi:--
<br />Mongagc, or if a.uy ,ll..:tion or pW;';I.~CdlO,g I.., l.,lrnmClh:'t'\! Idlldl lI\,ltl.:ti.dl;.- .tlfed~ I Clhk'[\ mtt:r\::-.l ill Ihl.' Prl'pCn\,
<br />mcluding, hUt not limned to, CIHIUCllt dumain. insd\"l.~n..:\. I,:'ll.k ('rI i\1! (\.:'IHI.'l\I, ,l[ ;1l'l,mg-:Il1t'I1!:- ,l, l'hl'\.'l'l.'dinp j1]\-t~h wg a
<br />blUlkrupt or del.."cdcnt. tht,;'fl l-cnJ\:'f.n 1.l;'udcr\, lli'li,lJ1, UP(11l !lpn\.:...' [;.\ BOn,l\\I..'r, j)).i\ rn,'ht' ,u,:,h aprt'M,l.Ih'\.',"" di\hu:.<.' '>\lI.-h
<br />sums and takt: su(h :Klillt\ ~l" is nl.'\.'i..'''Sal~ 1~1 pr'\(l'..l I cmh:r." :tHl'II':'!. 'pl..:ludlng. I'll! 111.'1 lil11ll~..1 h', di...buISCrnl,:'fl( ,'I
<br />reasonable .lttOftlCY\ iC'-c~ and entry UPll!1 lht: PWpCll) h) tll<lkc It.:pdll" it Ll.:lidn !\,'lj,liiIC,! lP<.'lts,lg\" IIl'lIT~Uh:~ ;h .l
<br />ct.~nditill1l \'It nukiHt; the 1'.\<:111 o.;,cl.'UH.:d h\ (hi;>, M,l!t~,\g\', l:h'lll'\\\'\ ,it"q ,',l\ :hc !'[\~l1lHlnb I" tllnilltJ.!1l ',\il'll
<br />inSillfan.;(~ in dIed lIntil "-tl(b tinh' a... [1;<,; r~"jlHrcm!.:;n! f..ll ...;!\:h ,th\H<lP..'I.:' }-i,jtt';'\\-\l"r'-,
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